Customs amendment expands export clause to include transfer, broadening the provision's applicability under Customs law. The Finance Act, 2016 amends section 73 of the Customs Act by inserting the words "transferred or" after "exported or", thereby expanding the provision to ... Summary
Customs amendment expands export clause to include transfer, broadening the provision's applicability under Customs law.
The Finance Act, 2016 amends section 73 of the Customs Act by inserting the words "transferred or" after "exported or", thereby expanding the provision to treat transfers alongside exports for the statute's purposes; the change is limited to that specific textual insertion and does not alter other language of section 73.
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